AAA Technologies Limited announced the outcome of its Board of Directors meeting held on March 06, 2026, confirming significant leadership restructuring. The Mumbai-based technology company approved key management changes following recommendations from its Nomination and Remuneration Committee, as disclosed under SEBI LODR Regulation 30.

Board Meeting Decisions

The Board meeting, which commenced at 4:00 p.m. and concluded at 4:20 p.m., approved three critical decisions regarding the company's leadership structure. These changes reflect strategic organizational realignment to strengthen operational effectiveness.

CFO Resignation and Managing Director Redesignation

Mr. Venugopal Madanalal Dhoot formally resigned from his position as Chief Financial Officer with effect from March 06, 2026. His resignation was submitted consequent to his proposed redesignation as Managing Director, subject to member approval through postal ballot. The redesignation covers the balance period of his tenure until September 25, 2030.

New Chief Financial Officer Appointment

Mr. Deepak Sharma has been appointed as the new Chief Financial Officer with immediate effect from March 06, 2026. His appointment brings substantial expertise across multiple sectors to the company's financial leadership.

Executive Profiles and Experience

Mr. Venugopal Madanalal Dhoot, a Chartered Accountant, has been associated with AAA Technologies for over 17 years. During his tenure as Whole-time Director and Chief Financial Officer, he played a key role in financial management, corporate governance, and strategic development. His extensive experience and deep understanding of the business positioned him for the Managing Director role.

Mr. Deepak Sharma brings comprehensive experience in building scalable financial and operational frameworks while strengthening corporate governance practices. His leadership experience spans driving business growth and operational transformation across diverse industry sectors.

Regulatory Compliance and Documentation

The company has submitted all required disclosures and annexures to both stock exchanges in compliance with SEBI regulations. The announcements comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Circular dated July 13, 2023.

The leadership changes reflect AAA Technologies' strategic approach to organizational development, leveraging internal expertise while bringing fresh perspectives to drive future growth initiatives.

AAA Technologies Limited successfully completed its postal ballot process on March 04, 2026, securing shareholder approval for the appointment of three independent directors. The company received overwhelming support from shareholders, with each resolution passing by a significant margin.

Postal Ballot Results Overview

The postal ballot process, conducted through e-voting from January 29, 2026, to March 02, 2026, resulted in the appointment of three Non-Executive Independent Directors for five-year terms. The voting results demonstrated strong shareholder confidence in the proposed appointments.

Newly Appointed Independent Directors

The three directors appointed through the postal ballot will serve five-year terms and assume key committee responsibilities:

Mr. Prateek Bhansali (DIN: 10168425) was appointed as Non-Executive Independent Director for the term from December 06, 2025, to December 05, 2030. He will serve as a member of the Audit Committee and Chairperson of the Nomination & Remuneration Committee.

Ms. Jyoti Torani (DIN: 09290618) received appointment for the same five-year period from December 06, 2025, to December 05, 2030. She will function as a member of the Stakeholders' Relationship Committee and Chairperson of the Audit Committee.

Mr. Kamal Kishor Sharma (DIN: 10611254) was appointed for the term December 10, 2025, to December 09, 2030. He will serve as a member of the Nomination & Remuneration Committee, Risk Management Committee, and Corporate Social Responsibility Committee.

Voting Process and Participation

The postal ballot process was conducted in accordance with the Companies Act, 2013, and SEBI regulations. The e-voting facility was provided by NSDL and CDSL platforms, with shareholders holding shares as of the cut-off date January 23, 2026, eligible to participate.

Scrutinizer Report and Compliance

Vijay Kumar Mishra of VKM & Associates, appointed as scrutinizer, submitted his report on March 04, 2026, confirming the validity of the voting process. The scrutinizer verified that all resolutions were passed with the required majority, with no invalid votes recorded for any of the three appointments.

The company completed all regulatory requirements, including dispatch of postal ballot notices through electronic mail to registered shareholders and posting the notice on its website. The voting results were announced on March 04, 2026, following the completion of the scrutiny process.